Unpacking Participant Interest in Guaranteed Lifetime Income: The Executive Interview
September 3, 2024 by ASPPA Net Staff
The 2Q 2024 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America (Allianz) was recently published. The study provides valuable insights into participant demand for in-plan guaranteed lifetime income solutions, such as annuities, highlighting key differences among generations and demographic groups. Ben Thomason, Head of Defined Contribution Distribution at Allianz Life Insurance Company of North America, is here to discuss these insights.
He explains the various participant tools to help address their retirement concerns, awareness of those tools, and more.
Wink’s Moore on the Market: We don’t talk much about in-plan annuities, but they are definitely becoming “a thing.”
This morning, I enjoyed listening to Benjamin Thomason, JD from Allianz Life discussing a very relevant study that Allianz conducted, of plan participants.
All the stats had my head spinning…GREAT intel!
It just goes to show that in-plan participants have tremendous interest in guaranteed lifetime income options! -sjm
